What is Material Requirement Planning?
This is simply a chart or table that is used when calculating the materials needed to make an item. The needed materials can be entered into the chart, as well as the price per item so that you know how much money you will need in order to make the finished product.
Who Will Benefit from Material Requirement Planning?
Companies who make things from scratch like bakeries and sewers will benefit from this template. These companies can keep track of how many items they already have to make their products and what they need to purchase in the future.